Market watch $EURGBP 4/25/2017

 Every week a new trading opportunity! When you see a setup and you need support we are here! Never miss a good trade.

On our market watch, today is EURGBP. The pair is testing the broken neckline zone of the H&S formation 0.8500-0.8550 and the rejection from this zone could lead to an extended downside into 0.8000.

The possible trading strategy is going short on the market with the SL above 0.8600 or if you are conservative with the risk and a patient trader you could wait for a daily close below 0.8500 for a short trade entry with the SL above 0.8550.

Happy trading! (click on the chart to enlarge it)

 

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